Discuss CIMA CIMAPRA19-F01-1 Exam Topic 2 Question 2

CIMAPRA19-F01-1 Exam - Topic 2 Question 2 Discussion

Posted by Clorinda on May 05, 2022 at 10:00 AM

Which of the following does the phrase 'events after the reporting period' refer to?

AMaterial events which occur between the statement of financial position date and the date on which the financial statements are approved

BMaterial events which occur after the release of the statement of financial position

CMaterial events which occur before the statement of financial position date

DMaterial events which occur between the income statement date and the statement of financial position date

Suggested Answer: A

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7 comments · newest first

Mabel 12 months ago

C is totally off, it’s not before the date!

Trevor 1 year ago

B seems plausible too, but I think it’s A.

Brent 1 year ago

Wait, is it really just between the reporting date and approval?

Otis 1 year ago

I agree, A is the correct choice.

Tien 1 year ago

Definitely A! That's the standard definition.

Glennis 1 year ago

This question seems straightforward. I'll carefully read through the options and think about which one would not benefit from a prospective review.

Ricki 1 year ago

I feel like I've seen a similar question where they asked about blockchain nodes versus simulations. I think Go-Ethereum provides a real blockchain environment?

Thread summary

● Consensus

Community pick: Yes strong agreement

Vote breakdown

A 95%

B 1%

C 1%

D 1%

Summary updated from 7 comments · last activity 12 months ago

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